11 The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year all sales are on account ce It Quarter 2nd Quarter Srd Quarter 4th Quarter Badgeted unit Bates 13,060 14,90 16.000 15,00 The seling price of the company's product is $29 perunt, Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5% of sales are expected to be uncolectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $74,200 The company expects to start the first quarter with 2,600 units in finished goods inventory Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,800 units Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a wnole. 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. ht Hu Complete this question by entering your answers in the tabs below. Beuredi Required a Required Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. It Quarter 2nd Quart Quan Am Quare Year Total sales Required 23 goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2.800 units Required: 1 Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole Reference Complete this question by entering your answers in the tabs below. Required Required 2 Required Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. Ist Quarter 2nd Quarter and Quarter 4th Quarter Total cash collections Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Required production in units complete this question by entering your answers in the tabs below. Required 1 Required 2 Required ) Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Required production in units 11